≈ Home Loans in New England States and Florida ≈
MA, NH, RI, CT, ME, VT, FL
≈ Home Loans in New England States and Florida ≈
MA, NH, RI, CT, ME, VT, FL
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Fannie Mae is at it again, continuing to make changes to condominium requirements. The latest lender letter, LL-2026-03, dated March 18, 2026, brings some good, some bad and some ugly. The letter can be found here: Fanne Mae Lender Letter LL-2026-03
Mar 24, 2026 | Conventional Loans Condominiums
Buyers (and sellers, too) of condominium units are better off knowing that not all condominiums can be approved. At least not by conventional means. Fannie Mae keeps tabs on condominiums which come under their radar in their tool Condo Project Manager. By
Jul 12, 2024 | Conventional Loans Condominiums
Having already severely punished buyers of second homes and borrowers seeking cash-out refinance, Fannie Mae is now going after borrowers with a perfect (at least until now) credit score of 740. Once the changes hit a little later this year, borrowers wit
Feb 09, 2023 | Purchasing a Home Interest Rates First-time Homebuyers Conventional Loans
Here is some positive news from the world of home lending. Baseline Conforming loan limit for single family homes is increasing to 726,200 in 2023, up from 647,200. Conforming loan limits will be higher in high-cost areas. In our State of Massachusetts, f
Dec 12, 2022 | First-time Homebuyers Conventional Loans
Although temporary rate buydowns have been around for a very long time, they appear to be re-emerging. Seller-paid temporary buydowns, specifically, are currently receiving much of the spotlight. Let’s look at temporary rate buydowns and the math behind t
Oct 30, 2022 | Purchasing a Home Conventional Loans Buydown
In October last year, in the aftermath of Florida condo collapse, Fannie Mae threw a big wrench into condominium approval process. In their lender letter LL-2021-14 (you can look it up), the maker of lending rules added somewhat ambiguous requirements fo
Jul 02, 2022 | Purchasing a Home Conventional Loans Condominiums